Related Commentary  Related HMRC Manuals

27(1)  Subsection (2) has effect in relation to expenditure if–

(a)it is expenditure to which section 28 or 33 applies, and

(b)an allowance under Part 2 or a deduction in respect of the expenditure could not, in the absence of this section, be made in calculating the income from the qualifying activity in question.

27(2)  This Part (including in particular section 11(4)) applies as if–

(a)the expenditure were capital expenditure on the provision of plant or machinery for the purposes of the qualifying activity in question, and

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